This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Had to spend additional money to get everything fixed.  

Everyone that has more than 1 or 2 properties should have some kind of basic spreadsheet that demonstrates how much that property is bringing in after all your fixed costs are accounted for, at a minimum - PITI, lawn care, HOA fees, etc.

One is a 10-day notice to comply or quit and the other would be a notice of termination of the month to month lease (30 days here).It looks like NY may be 30 days for the fix or quit and 90 days for the termination of the lease notice. 

How that gets fixed I have no idea, I'm sure it is a problem on every forum out there.....but it bogs down the Forum and wastes people's time more than anything else IMHO... 

A permanent fix rather than just a bandaid. 

If rents are truly below market then it usually comes down to: Long term tenants which most owners are ok renewing for lower ratesNot wanting to fix the place up to bring units to market, either interior renovations or exterior renovations.

- The HOA’s apparent lack of urgency to fix the roof.

How many fix and flips have you done?

In 2023 I bought one house, invested in one syndication, and focused on fixing up existing properties.